Friday Fun With Financial Fatalism

It seemed appropriate, given Europe is hitting the wall again in its vicious cycle of self-financed self-hypnotizing recovery-less recovery, to present the 'World Collapse Explained In 3 Minutes' that so mockingly relates the real state of absurdity we face in today's financial markets.

Europeans have colonial imperialistic life styles (not much work, cultural arrogance, live in relative luxury), but decreasing colonial powers mean they are just using their children's credit card.

US at least uses their credit cards to buy guns and rob others.

Meanwhile slave owners in India, China, Brazil, and thugs in Russia thank capitalism for giving them legitimacy of their ill-gotten gains...or it is that American and European elites did not have legitamacy either?

"Capitalist": hey you can't tax me or take my money because I took $1 M business and grew it to make it $100M

Labor: Where did you get the startup capital?

American elite: my father or grandfather's trust fund and then I hired others to actually run it.

Russian Elite: I sort of just took over the government business as the prime protector when USSR fell.

Chinese Elite: Communist government gave me the post through politicial connections.

"my father or grandfather's trust fund and then I hired others to actually run it."

Yeah, and where did THAT come from?

You take shots at Europe for their OLD money, but fail to delve back into US's past as well.

For those who are short on history lessons, it went like this:

-> <STRIKE "America" was FREE for the brave souls that struggled to come there... STRIKE> Resources were plundered on the American continent as the COLONIZERS (generally wealthier WHITE people) slaughtered indigenous natives

-> Plundered goods were SOLD to Europe in exchange for wealth that the Europeans stole elsewhere (MONEY LAUNDERING)

-> US government further steals land from natives and GIVES it to rich industrialists

-> Rich industrialists (and rich southern "gentlemen") amass LOTS of wealth and power, which enables them to set forth generational control over the US (1%-ers; same as it ever was, same as it ever was)

-> After a 150-year head-start, garnering lots of wealth from slave labor and theft of resources from underneath natives, the US govt announces that "blacks" are now "equal" (except no power, no money/wealth)

-> US backs global economy (military bought and paid for by the common laborers) so that its 1%-ers can continue to rule

Sorry, dick-head, for POINTING out the FACTS of history: notice that you were UNABLE to dispute them.

And fuck off about Obama shit. I don't give a flying fuck about him. Again, you illiterate piece of shit- give ME 150 years head-start and I'll OWN you for eternity. It's about pious fucks like you who don't believe their shit stinks.

Except for the 3rd paragraph where you state "a.adslot-overlay;hover .slotname {border-bottom: spxsolid rgba", I agree wholeheartedly. My concern is that more people will overlook this commentary only to recall it later, when it's too late!

Too early. I'm shitting bricks though. I'm smack bang in the middle of it. Next week will indeed be interesting. What can the ECB come up with? Eurobonds? Doubt it. That'l have the Germans rioting on the streets and politicians running off to the constitutional court.

There will be a parade of EU officials and ECB officials sprinting for microphones to announce a brand new program where they lend money to banks who are not credit worthy, and the banks are expected to in turn make loans (buy bonds) of countries in Europe who are not credit worthy.

This will cause a temporary jump in the markets.

Which will all end when it becomes clear those banks took the ECB pseudo LTRO money and used it to buy US Treasuries.

Yep, that's right. Its amazing how, once again, the Germans will be the lynch pin to the future of Europe, albeit in the context of the EU and debt but nonetheless. I think this might be the week for things to explode, if not this week we are certainly close. I opened some short positions on Euro bonds and a couple Spainish banks. I don't think it will take more than Spain to force Germany into this position, Italy is just icing on the cake. The Merkozy team is done in a couple months once Hollande takes over. We'll get to see the nonsensical commitments from Italy, Greece and others to "bail out" Spain - too funny! This type of event (recognized Spainish crash) should provide enough contagion to bring down Japan as well. After that, I think we can guess what's coming.

I was thinking earlier today that we might be closer to the end than I thought, things could go completely crazy next week. Amazing times we are living in, huh?

The world creates a new country in the middle of the ocrean, we elect Obama as president.

Obama hires Ben Bernanke as Central Banker of "atlantis" and Atlantis prints 100,000,000,000,000,000,0000,000,000,000 Atlantian Dollars, which they then use to bail out every nation simultaniously.

Atlantis is then sunk, and since the creditor is now a dead entity, there is no obligation to pay back the funds.

Its really quite a brilliant solution ;)

Your welcome.

PS: O wait, they already did that.... its called the world bank / Imf.... a buidling in the middle of the ocean with zero money, no printing presses and no natural resources of any kind, but somehow a few dozen people on a floating imaginary island have the ability to bail out whatever country they want!

Sure the money is fake, and that the act of them lending the funny money is not an equitable exchange (debt enslavement to an entity that doesnt have any money to lend you in the first place)..... but hey...

It is indeed brilliant, but what about all those Atlantian Bondholders? And we must not forget to tax those faux Atlantian citizens, (gotta bleed them, imaginary or not) and what of the TBTF banks, I mean, you really think the Bank of StarGate Atlantis, which is TBTF, will not take down others? And what of the 1 Quadrillion in CDS that was instantly materialized by GS and the rest before Atlantis even rose to be??

we can have fictional bond holders, you know like another too big to fail bank, it can be owned and operated by the atlantian government.... this way the losses are socialized amongst the fictional tax payers. . . . kinda how the losses are socialized in america... and put onto fictional social security numbered persons, for example in America, each tax payer has an SSN , the "tax payer" is not a real person, its just a legal fiction, thats why your name is always in All-CAPS because its not really you.... its the dead entity/fictional you... you are operating a puppet.... and that puppet is your name in all CAPS.... look on your bank statements/cc bills/licesnes... etc... ALL CAPS its fake.

A LONG time ago I hypothesized that the Fed was actually the entity that you're describing. The Fed will be like the Black Hole that swallows up everything (bad "assets") and then implodes. US can then say -Fed? huh? it's NOT the US govt, WE'RE (US govt) not responsible!

The information on Italy is NOT correct: the Republic of Italy does owe EUR1.9 trillion ie USD2.5 trillion and NOT just One Trillion as mentioned in the video....of course nobody mentions official data from Banca d'Italia - member of the ECB - that for 2010 quotes EUR8.5 trillion of Private Wealth in Italy - over 4 times the Public Debt....which is the reason why Italy will NOT need any bailout.

Extrapolate for us how this "private" wealth will be extricated from its rightful owners. Iron maiden, bamboo splinters or just good old 110v to the sack? Inquiring minds want to know what the screams from Italia are all about...

But everything is a ok in the mighty us of a. Just keep buying sbux, hd, and aapl. Because $5 coffee, granite countertops and electronic toys for grown ups are god given rights in America. And all you have to do to pay for it is print

The banks are not forgiving anything and the govt are fully supporting the banks.

The reason why those mortage loans are being written off is that in the crash 2008 the ISK more than halfed against other currencys, leaving those who had mortages in foreign currency in deep trouble.

The banks attacked those people fiercly, all groups, car loans, house mortages, small and middle size businesses.

It was a feast for the vultures and hienas, fully supported by both previous and current govt.

Then someone who had a car loan in foreign currency decided to sue the bank, his argument was that his foreign currency loan was actually in Krona, as it was paid out in Krona, and according to law its not legal to index a loan to any foreign currency.

He won the case and set precedence for the rest of loans of this sort, forcing the banks to cough up 70,5 bn ISK so far and another 94,5 bn are due.

The banks did try to change this law before they started lending in "foreign currency" but failed, they decided to go ahead regardless, and it worked like a charm until this one guy stood up to them.

I believe the reason for this business twist was to rid the banks of currency risk because of their own massive loans in foreign currency, they could transfer this risk to the people this way and when the whole thing would go tits up they could rip off those same people, making a handsome profit.

The Austerity that was inacted to get the EU bailouts approved is going to be the Demise of the plan. People making less money and having a grimmer future only means less spending and lower GDP. Essentially the money used to prop up the EU PONZI will simply evaporate just to cover the loss in these Countries revenues. Kyle Bass pointed this out 6 months ago and nobody seems to get it. It's not going to work, it will pay the minimum balance on the credit card only, yet the balance of the debt is going to increase... In other words no matter how much they steal from their people, these countries are simply toast!

i never will tire of watching this. they are the only ones to succinctly explain the euro problem since the beginning including the conclusion that there is no way out......except to print trillions of fiat to make everyone feel better for the time being until they can't make everyone feel better any longer.

We have a dollar-international-monetary-system and the internal problems of Europe is only a sympthon of this system. Externally Europe is fine. Our destiantion is Freegold and it solves both the Trifffin dilema and the European mess. When gold is set free it´s flow will correct these internal problems. In a decifit zone gold will exit and in a surplus zone it will be accumalated. This will be both the spur and brake that is needed.

This will perhaps be brought forwad by political choice but will eventually happen by natural evolution. Gold, go get you some :)

As long as Freegold depends upon any flavor of fiat as "spending money" while gold is "saving money" all you can do is to slow down the rate of inflation (the ole "Euro can't hyperinflate because it's marked to gold" argument).

A solution to the problem europe is having could be to kick Germany out of the euro, as all the euro countries except Germany are PIIGS, all those countries are bankrupt or i serious trouble, France is a pig with lipstic.

If Germany would be kicked out, the euro would fall in value to a level that would suit better for struggling economies.

To me Germany is the axis the whole thing revolves around.

Its like watching a brand new BMW ports car pulling into a gas station, 12 cyleders firing on supreme DM, then someone ties a old raggy looking Celtic tiger to the rear bumper, a sleepy donky, a pig with lipstic and a few other animals.

When the BMW takes off into the Autobahn the animals run as fast as they can, for a little while but we can all guess how this ends.

The question is how long can Germany drag the corpses until the BMW runs out of gas.

Germany and Japan... both prototypes constructed by the US puppet-masters (post WII).

And what is the common failure with Germany, Japan AND the US? They've ALL reached the pinnacle of unsustainability. That others aren't as "fast," well, perhaps one day that will look a bit less of a problem then you might think...

This may be late in the evening but has anyone considered tracking Blythe Master's investmest access. For hackers, probably hard to find the physical silver she has warehoused, but if she has any virtual, techies, help a brother out and share the data